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Mastering Blockchain

You're reading from   Mastering Blockchain Deeper insights into decentralization, cryptography, Bitcoin, and popular Blockchain frameworks

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Product type Paperback
Published in Mar 2017
Publisher Packt
ISBN-13 9781787125445
Length 540 pages
Edition 1st Edition
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Concepts
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Table of Contents (20) Chapters Close

Mastering Blockchain
Credits
About the Author
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface
1. Blockchain 101 FREE CHAPTER 2. Decentralization 3. Cryptography and Technical Foundations 4. Bitcoin 5. Alternative Coins 6. Smart Contracts 7. Ethereum 101 8. Ethereum Development 9. Hyperledger 10. Alternative Blockchains 11. Blockchain-Outside of Currencies 12. Scalability and Other Challenges 13. Current Landscape and Whats Next

Bitcoin payments


Bitcoins can be accepted as payments using various techniques. Bitcoin is not recognized as a legal currency in many jurisdictions, but it is increasingly being accepted as a payment method by many online merchants and e-commerce websites. There are a numbers of ways in which buyers can pay the business that accepts bitcoins. For example, in an online shop, bitcoin merchant solutions can be used, whereas in traditional physical shops, point of sale terminals and other specialized hardware can be used. Customers can simply scan the QR barcode with the seller's payment URI in it and pay using their mobile devices. Bitcoin URIs allow users to make payments by simply clicking on links or scanning QR codes. URI (Uniform Resource Idenfier) is basically a string that represents the transaction information. It is defined in BIP21. The QR code can be displayed near the point of the sale terminal. Nearly all bitcoin wallets support this feature.

Business can use the following screenshot...

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